Ironically, he is not one of us, but he is the epitome of what we don’t want in Congress.

Demos likes to laud his time at the SEC but he managed to miss the Bernie Madoff theft while it was going on. It is understandable though. He was busy hunting down an innocent whistleblower. While the SEC was investigating JP Morgan Chase, Demos was turning in the whistleblower who worked for Chase,. The whistleblower, Peter Sivere, saw irregularities at Chase and was trying to do the right thing.

Listen to this interview and the shocking exposé of the real George Demos, a George Demos who will not protect the people:

Unconscionable behavior, isn’t it?

Demos originally didn’t admit he was the lawyer who turned in Peter Sivere. His name had been redacted from the documents revealing the egregious leak, but he had to come clean after an investigation by POGO.

He then said he wasn’t guilty because he wasn’t actually his lawyer. Mr. Sivere thought the lawyer for the SEC to whom he was blowing the whistle would be under an agreement of confidentiality, wouldn’t you? Indeed, what Demos did is against SEC regulations.

The Office of the Inspector General conducted an investigation and Demos, whose name is redacted in the following statement from the OIG report, wrote that Demos “not only gave outside counsel for JPMorgan permission to use the non-public information about an informant against him, but actually encouraged such use.” It was referred for disciplinary action but politics stepped in and Demos quietly resigned from the SEC soon after.

Demos will tell you he was exonerated but that’s part of the political theater. You decide if it is unethical for an SEC lawyer to turn in a whistleblower – Peter Sivere – to the subject of the SEC investigation. Not only did he turn him in, he told opposing counsel to use the information against Sivere and counseled them on how they might use it.

George Demos is a good example of a government regulator aligned with the big Wall Street banks he was supposed to keep an eye on. It’s not surprising he is one of the SEC regulators who missed the whole Madoff thing.

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